https://www.taxtmi.com/highlights?id=83022 Ex post facto approval granted to a respondent for foreign investment violated principles of natural justice. A committee was constituted to examine rival contentions, but the reconstituted committee granted approval without affording fresh opportunity of personal hearing to parties, resulting in gross violation of right to personal hearing. The High Court held that any authority exercising discretionary power must apply its mind to facts and not act mechanically. The approval was granted without reasons, necessitating fresh reconsideration by a new committee after hearing parties afresh on the proposal. The High Court directed constitution of a fresh committee to hear parties and take appropriate decision on the proposal, without changing committee's composition, affording opportunity of personal hearing and filing written submissions. en-us Tue, 12 Nov 2024 08:52:51 +0530 Tue, 12 Nov 2024 08:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83022 Ex post facto approval granted to a respondent for foreign investment violated principles of natural justice. A committee was constituted to examine rival contentions, but the reconstituted committee granted approval without affording fresh opportunity of personal hearing to parties, resulting in gross violation of right to personal hearing. The High Court held that any authority exercising discretionary power must apply its mind to facts and not act mechanically. The approval was granted without reasons, necessitating fresh reconsideration by a new committee after hearing parties afresh on the proposal. The High Court directed constitution of a fresh committee to hear parties and take appropriate decision on the proposal, without changing committee's composition, affording opportunity of personal hearing and filing written submissions. Highlights FEMA Tue, 12 Nov 2024 08:52:51 +0530 https://www.taxtmi.com/highlights?id=83022